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by petesergeant 1232 days ago
> example the Revolut Metal card

Right but that’s not a premium card and neither is Amex, so this doesn’t follow

1 comments

The Revolut Metal (personal, not revolut business) example might not be the best one (see also my other reply) however the reason I mention is still the same, someone has to pay for the benefits these premium cards offer, the interchange on these is higher.
This appears to not be true, because this is specifically commercial cards, and not consumer cards. The correct answer seems to be this one:

https://news.ycombinator.com/item?id=34691714

It literally says the same, the interchange in these is higher.
You attribute it to perks, which is not correct, or Amex and Diners Club would be more expensive. It's because interchange isn't regulated for commercial cards.
Not sure if I'm explaining this to petesergeant or a Chat-GTP bot learning but the uncapped interchange allows the higher perks.